PTS Inc. (PTSH) Reorganizational Plan Moves Forward - Massive Share Reduction
HENDERSON, NEVADA - Pts Inc. (Pinksheets: PTSH) www.ptspi.com Management is of the opinion that the latest developments within PTSH constitute a material event which warrants a public announcement to its followers and shareholders.
1. All of the assets held by the company of its previous subsidiary United Energy will be written off to a value of nil.
2. The appointment of Michael Arnkvarn as the company CEO.
3. The Company will redirect all of its efforts and energies to promoting the Collagenna Product line as well as the CinG-X project.
4. All shares which were issued to its previous subsidiary United Energy that were held in escrow will be returned to treasury. This will reduce the Company outstanding share structure by over 250 million shares to 395,276,558.
5. The company is in the process of completing filings with the goal of becoming current with the OTC markets very shortly.
Timely updates will follow as the Company moves forward to fulfill its 10 step reorganizational plan as previously announced.
Safe Harbor Statement
Information in this release may contain statements about future expectations, plans, prospects or performance of PTS Inc. (pinksheets:PTSH) that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. PTS Inc. (pinksheets:PTSH) cautions you that any forward-looking information provided by or on behalf of PTS Inc. (pinksheets:PTSH) is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. PTS Inc. (pinksheets:PTSH)'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond PTS Inc. (pinksheets:PTSH)'s control. In addition to those discussed in PTS Inc. (pinksheets:PTSH)'s press releases, public filings, and statements by PTS Inc. (pinksheets:PTSH)'s management, including, but not limited to, PTS Inc. (pinksheets:PTSH)'s estimate of the sufficiency of its existing capital resources, PTS Inc. (pinksheets:PTSH)'s ability to raise additional capital to fund future operations, PTS Inc. (pinksheets:PTSH)'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match PTS Inc. (pinksheets:PTSH)'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. PTS Inc. (pinksheets:PTSH) does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Contacts:
PTS Inc.
Investor Relations
[email protected]
www.ptspi.com